Dear Vika1,
I have not hidden my name here and my responses are clean --
And I never have written /used foul language on anyone unless it provokes me to that extent.
I have dared asking name and told I am prepared to fight this out in the court which implies my preparedness to respond before the court and the law
I have openly forwarded my background check outcomes on becoming the CEO of a public company SPAC that we were taking over...
On company's information reporting, there were enough explanations offered here publicly and we have never crossed the stipulations established for reporting --
Please check guidelines for OTC Pink Sheets for reporting formalities ....
Same, we never hesitated to de-register ourselves and we have clearly spilled the beans for taking such a decision despite having the privileges to remain a Pink Sheet.
And on information sharing, We have taken a step ahead to have shareholders and staff blog and we discuss developments on a daily basis.... This transparency goes beyond the normal shareholders reporting requirement that corporate law defined.
Even on the cash grant promised -- you are offering 90 days time, we have taken the commitment a step forward by taking decision to issue Utility Tokens with cash payout or redemption in Gold Grams on March 15 making ourselves legally binding. Utility Tokens are performance Tokens and act in a way like Negotiable Instruments making ourselves binding to the UCC (United States' Uniform Commercial Code).
We have achieved 2 things here, Tokenizing the Verticals and tokenizing the obligation itself.
The other thing I would like to mention here -- on the $0.01 vs $0.0001 you have spoken --
For us Equity is the best monetary instrument and our value is swiftly changing and there are specific guidelines to follow the valuation aspects...
There has to be some measurement of cost for vertical shares as otherwise the shares itself will tantamount to bonus grant...
And $0.01 is virtually no cost while it is certainly cost above the par value. We have balanced legal and technical issue here by asking for $0.01...
This amount has not built any castles for us...but It helped us takeoff certain shareholders who have no faith and belief in us...
And to these people we have openly declared issuance of Utility token for redemption on the date with gold grams. Plus we are facilitating trading of these tokens into the market -- So it will turn the choice of the person to redeem or retain...or exit partially...
On valuations, today we are selling each security token for $10.00 plus token listing and trading is possible on Reg S (Non-US) shares...
Very silently we have pulled the water and turning into a multi-billion dollar company and I should write to you every member in our small team works 24x7...we pull the challenges together and enjoy the merits of it...whether laughing or crying in equal spirit... We remain unpaid sometimes but none of us compromised or blocked the business process or progress or development.
We are not just disrupting certain financial products -- whether Gold, Rice, Whiskey or Plane Seats or food carts....We are disrupting the wealth building system itself ---even the gap between the time customer paying money and our stocking even we are providing utility tokens bringing utmost financial transparency into the system.
It has taken 50 years for Pepsi or coke to but they are the two largest brands in the world today....
Likewise, let this page remain in everyone's records --- we will be disrupting Wealth Management by Asset Tokenization -- Each Product we are introducing is an innovation by itself making some of the largest banking institutions feel surprised and their teams are working with us to explore this to the best levels...
You are looking for 90 days I have answered it a week back on cash payouts binding this company to make the payout on or before March 15, insuring it with Gold Grains.
Slandering, passing disparaging and disproportionate abuse is one's birthright but to achieve an entrepreneur's dream & vision is many nights of blood sweat...
Now on the business owner of publishing company -- please check his credentials -- That will answer you well...I do not need to waste my time on him....I was just advised by couple of senior journalists and industry heads in India to ignore him but I still went ahead and gave a public clarification leaving him to his lurch. My response was a open challenge on his claims...and I have put the best of the attorneys in India to respond to him befittingly if he misteps further.. He has poo-poohed my travel in economy class -- even 2 of the top 5 in India travel by economy class but that traveling does not demerit their size. He will run his ashes on his own...
In this world respect brings more harmony than irrational and disrespectful conversations...
Laxmi Prasad
